TransAlta Competitors
| TAC Stock | USD 13.24 0.88 7.12% |
TransAlta Corp vs Vistra Energy Correlation
Poor diversification
The correlation between TransAlta Corp and VST is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TransAlta Corp and VST in the same portfolio, assuming nothing else is changed.
Moving together with TransAlta Stock
Moving against TransAlta Stock
| 0.77 | KEN | Kenon Holdings | PairCorr |
| 0.69 | ELLO | Ellomay Capital | PairCorr |
| 0.65 | ENLT | Enlight Renewable Energy | PairCorr |
| 0.61 | AQN | Algonquin Power Utilities | PairCorr |
| 0.55 | TKT | TOHOKU EL PWR | PairCorr |
TransAlta Corp Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between TransAlta Corp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of TransAlta and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of TransAlta Corp does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TransAlta Stock performing well and TransAlta Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TransAlta Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELP | 1.45 | (0.01) | (0.03) | 0.00 | 2.18 | 2.83 | 10.56 | |||
| IDA | 0.75 | 0.06 | 0.00 | 0.35 | 0.83 | 1.66 | 4.65 | |||
| KEN | 1.60 | 0.43 | 0.18 | 0.52 | 1.83 | 3.93 | 10.72 | |||
| NRG | 2.13 | (0.24) | 0.00 | (0.16) | 0.00 | 4.35 | 11.52 | |||
| PAM | 1.37 | (0.13) | 0.00 | (0.21) | 0.00 | 3.26 | 7.65 | |||
| POR | 0.76 | 0.12 | 0.05 | 0.99 | 0.76 | 1.60 | 5.33 | |||
| TXNM | 0.19 | 0.06 | (0.11) | (13.01) | 0.00 | 0.52 | 1.45 | |||
| UTL | 0.84 | 0.05 | (0.02) | 0.96 | 1.33 | 1.78 | 7.11 | |||
| VST | 2.53 | (0.44) | 0.00 | (0.25) | 0.00 | 4.60 | 18.01 |
Cross Equities Net Income Analysis
Compare TransAlta Corp and related stocks such as Companhia Paranaense, IDACORP, and Kenon Holdings Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IDA | 84.8 M | 170 M | 173 M | 182.4 M | 193.5 M | 194.7 M | 198.3 M | 212.4 M | 226.8 M | 232.9 M | 237.4 M | 245.6 M | 259 M | 261.2 M | 289.2 M | 332.6 M | 349.2 M |
| KEN | (452.4 M) | (452.4 M) | (452.4 M) | (631.1 M) | 467.5 M | 73 M | (412 M) | 237 M | 434.2 M | (22.2 M) | 507.1 M | 930.3 M | 312.7 M | (236 M) | 597.7 M | 687.3 M | 721.7 M |
| NRG | 22 M | 197 M | 295 M | (386 M) | 134 M | (6.4 B) | (774 M) | (2.2 B) | 268 M | 4.4 B | 510 M | 2.2 B | 1.2 B | (202 M) | 1.1 B | 1.3 B | 1.4 B |
| PAM | (817.7 K) | (216.3 M) | (132.3 M) | 43.9 M | 87.8 M | 236.7 M | (685.2 K) | 239.6 M | 223.7 M | 692 M | 124 M | 273 M | 456 M | 34.5 B | 619 M | 711.9 M | 676.3 M |
| POR | 99.5 M | 147 M | 141 M | 105 M | 175 M | 172 M | 193 M | 187 M | 212 M | 214 M | 155 M | 244 M | 233 M | 228 M | 313 M | 359.9 M | 377.9 M |
| TXNM | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 173.3 M | 196.4 M | 170.1 M | 88.3 M | 242.7 M | 279.1 M | 173.9 M |
| UTL | 2.4 M | 16.4 M | 18.2 M | 21.6 M | 24.7 M | 26.3 M | 27.1 M | 29 M | 33 M | 44.2 M | 32.2 M | 36.1 M | 41.4 M | 45.2 M | 47.1 M | 54.2 M | 56.9 M |
| VST | 507 M | (2.9 B) | (2.9 B) | (2.2 B) | (6.2 B) | (4.7 B) | 22.7 B | (254 M) | (54 M) | 928 M | 636 M | (1.3 B) | (1.2 B) | 1.5 B | 2.7 B | 3.1 B | 3.2 B |
TransAlta Corp and related stocks such as Companhia Paranaense, IDACORP, and Kenon Holdings Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in TransAlta Corp financial statement analysis. It represents the amount of money remaining after all of TransAlta Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.TransAlta Corp Competitive Analysis
The better you understand TransAlta Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, TransAlta Corp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across TransAlta Corp's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
TransAlta Corp Competition Performance Charts
Five steps to successful analysis of TransAlta Corp Competition
TransAlta Corp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by TransAlta Corp in relation to its competition. TransAlta Corp's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of TransAlta Corp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact TransAlta Corp's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to TransAlta Corp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out TransAlta Corp Correlation with its peers. For information on how to trade TransAlta Stock refer to our How to Trade TransAlta Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Will Independent Power and Renewable Electricity Producers sector continue expanding? Could TransAlta diversify its offerings? Factors like these will boost the valuation of TransAlta Corp. If investors know TransAlta will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every TransAlta Corp data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.79) | Dividend Share 0.25 | Earnings Share (0.47) | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of TransAlta Corp is measured differently than its book value, which is the value of TransAlta that is recorded on the company's balance sheet. Investors also form their own opinion of TransAlta Corp's value that differs from its market value or its book value, called intrinsic value, which is TransAlta Corp's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because TransAlta Corp's market value can be influenced by many factors that don't directly affect TransAlta Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TransAlta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAlta Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, TransAlta Corp's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.